The Share of the Labor Force That Was Unionized Increased

question 2

Multiple Choice

The share of the labor force that was unionized increased from approximately 10 percent in 1930 to more than 30 percent in 1955. During these 25 years, the share of national income allocated to labor (in contrast to capital)

• A) remained virtually constant.
• B) increased approximately 10 percent.
• C) increased between 15 and 25 percent.
• D) increased 17.6 percent.

---

Definitions:

Prepaid Items

This term describes expenses paid in advance for goods or services to be received in the future, such as insurance or rent.

Accrued Interest

The interest that has been earned but not yet paid, accumulating on loans or bonds over a period of time.

Prepaid Insurance

A type of prepaid item representing insurance coverage paid for upfront before the coverage period begins.

Office Supplies

Office supplies include items used in offices on a regular basis for tasks or maintenance, like paper, pens, and cleaning products.